Welcome to our dedicated page for Tigo Energy news (Ticker: $TYGO), a resource for investors and traders seeking the latest updates and insights on Tigo Energy stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tigo Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tigo Energy's position in the market.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced the launch of the Tigo GO EV Charger for the German market, offering seamless integration with the Tigo EI Residential solar-plus-storage solution. The charger is available as both a single and three-phase charger up to 22 kW and can be wall-mounted indoors or outdoors. It includes RFID technology for easy user authentication and flexible charging modes tailored to accommodate homeowner use cases. The release of the GO EV Charger comes with an introductory webinar and training events for German PV professionals.
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End-of-Day
-0.68%
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Tigo Energy, Inc. (TYGO) announced unaudited preliminary financial results for its fiscal fourth quarter and full year ended December 31, 2023. Revenue for Q4 2023 is expected to be $9.0 to $10.0 million, down from previous expectations of $15 to $20 million. Adjusted EBITDA loss for Q4 2023 is expected to be $11 to $12 million, in line with previous guidance. Full-year revenue for 2023 is expected to be approximately $145 million. The company reduced staffing levels by 15% to align with the current environment, expecting to reduce cash expenditures by $3.8 million in 2024. Despite marketplace weakness, Tigo is seeing signs of improving demand as distributors normalize inventories.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.84%
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Rhea-AI Summary
Tigo Energy, Inc. (NASDAQ: TYGO) announced an exclusive panel discussion with CALSSA and EnergySage at Intersolar North America 2024 to discuss residential solar adoption trends, insights, and case studies. The event aims to bring together industry experts and collaborators to drive the growth of residential solar. EnergySage and CALSSA will provide valuable insights into consumer demands, trends, and policy changes, while Tigo will exhibit at the event.
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Rhea-AI Sentiment
End-of-Day
1.32%
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Tigo Energy, Inc. (NASDAQ: TYGO) strengthens its patent portfolio with the issuance of U.S. Patent No. 11,855,578 for rapid shutdown technology, reflecting the company's commitment to solar safety and innovation. The patent enhances automated shutdown, disconnect, and solar module power reduction methods, crucial for firefighters and installation crews. With over 150 patents granted or pending, Tigo is a leader in rapid shutdown technology and Module Level Power Electronics (MLPE). The company actively licenses its patented technology to other solar equipment manufacturers and complies with industry safety standards. Tigo's dedication to safety and reliability is further underlined by Chairman and CEO Zvi Alon's emphasis on extensive training and educational services for installers, ensuring safe and reliable solutions for the solar industry.
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Rhea-AI Sentiment
End-of-Day
3.33%
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Tigo Energy, Inc. (Nasdaq: TYGO) appoints Sagit Manor as an independent director, bringing substantial C-suite experience in the tech sector. Ms. Manor's track record of leading global expansion will bolster Tigo's strategy and tactical execution.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced the installation of the 10 millionth Tigo TS4 device by an Arizona solar company, Sunny Energy. This milestone marks the deployment of 3.5 GW of Tigo MLPE devices across more than 100 countries and 1 GWh of daily solar production monitored by Tigo Energy Intelligence. The Tigo TS4 products provide rapid shutdown, module-level monitoring, and optimization, offering flexibility for installers and reducing balance-of-system (BOS) and labor costs. Through the Tigo Enhanced program, Tigo customers and installers can choose the right equipment for their solar projects through simple, plug-and-play pairing with inverters from major suppliers and Tigo Enhanced partners. The company also offers tools for residential, commercial, industrial, and utility-scale solar fleets to decrease operations and maintenance costs, enhance system performance, and improve the user experience for installers and asset owners.
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Rhea-AI Sentiment
End-of-Day
11.3%
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Tigo Energy, Inc. (TYGO) partners with CPV Retail Energy to integrate Tigo Predict+ technology, enabling highly accurate and customizable energy demand forecasting models. CPV Retail Energy leverages renewable generation assets to provide safe, reliable, cost-effective, and environmentally responsible electric power, offering customized energy plans and 100% renewable electricity solutions. Tigo Predict+ will allow CPV Retail Energy to model precise day-ahead and long-term demand forecasts of customer energy needs accurately, with more than 300 GWh of daily forecasted consumption.
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Rhea-AI Sentiment
End-of-Day
-9.55%
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Tigo Energy, Inc. (Tigo) Reports $17.1 Million Revenue for Q3 2023, Down 25.1% from Q3 2022
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End-of-Day
-3.98%
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Rhea-AI Summary
Tigo Energy, Inc. announces preliminary financial results for Q3 2023, with revenue expected to be $17-18 million compared to previous guidance of $41-45 million. Backlog is expected to be $66-68 million. Adjusted EBITDA loss expected. Conference call scheduled for November 7, 2023.
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Rhea-AI Sentiment
End-of-Day
-28.86%
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News
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Tigo Energy launches Green Glove service program for commercial and industrial solar installers worldwide.
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Rhea-AI Sentiment
End-of-Day
5.69%
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Tigo Energy, Inc.
Nasdaq:TYGO
TYGO Rankings
TYGO Stock Data
93.56M
21.93M
67.02%
15.31%
0.2%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
CAMPBELL
About TYGO
tigo energy designs the #1 pv solar panel technology utilizing patented impedance matching technology to allow more modules on any roof, uneven string lengths and different orientations, enhanced safety, reliability, and monitoring, and the most cost-effective solution in the market. installers and system owners achieve the highest roi by increasing energy production and maximum system up-time for new systems and retrofits. headquartered in silicon valley, tigo energy is an innovative force partnering with module, inverter and combiner box manufacturers to embed these technologies and monitor arcing, fire and safety hazards. tigo energy delivers the most effective string monitoring, theft prevention and fleet management.